With reference to the captioned subject we hereby inform the Exchange that the Board of Directors of the Company at their meeting held on Wednesday, August 13, 2025 at 1:00 P.M. and which ....
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The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a strong turnaround with total income of Rs. 983.87 lakh and net profit of Rs. 960.17 lakh versus a loss of Rs. 7.03 lakh in the same quarter last year; EPS stood at Rs. 1.249. The Board also approved the Annual Report for FY25 and proposed changing the company's name from 'Rajasthan Gases Limited' to potentially 'Rajasthan Ventures/Multitrading/Tradex/Solutions Limited', along with amending the main objects clause to shift focus toward general trading, merchandising, and securities/F&O trading. It adopted new MOA and AOA aligned with the Companies Act 2013, raised borrowing and investment limits to Rs. 500 crore each under Sections 180(1)(c) and 186, and fixed the 32nd AGM for September 26, 2025 via video conferencing. Statutory auditor M/s Rahul S Gupta & Associates resigned due to delays in obtaining a peer review certificate, and M/s Sanjay Chindaliya & Company was appointed as the new statutory auditor for five years (FY 2025-26 to 2029-30), subject to shareholder approval.
This is a significant business pivot — the company is moving away from its core gases identity into general trading and financial securities, supported by a major Rs. 500 crore borrowing/investment headroom and a strong quarterly profit swing. Shareholders should watch for shareholder approvals on name change, MOA amendments, auditor appointment, and the borrowing limit increase at the September 26 AGM, any of which could affect the stock's risk profile and future direction.